Type Here to Get Search Results !

Atal Pension Yojana Kya hai

The Atal Pension Yojana is a scheme launched by the Government of India in 2015 to provide old age income security. It aims to provide a minimum guaranteed pension to all subscribers ranging from Rs 1000 to Rs 5000 per month after retirement. The amount of pension depends on the amount invested and the age of joining the scheme.

Atal Pension Yojana Kya hai

Key Features

  • It is open to all Indian citizens between 18-40 years of age.
  • The minimum pension guaranteed is Rs 1000 per month if contribution of Rs 42 is paid for 20 years.
  • The maximum pension amount is Rs 5000 per month if contribution of Rs 210 is paid for 20 years.
  • Subscribers can choose to receive pension from age 60 years onwards.
  • On death of the subscriber, the spouse receives the pension.
  • On death of both subscribers and spouse, the pension corpus is returned to the nominee.

The Atal Pension Yojana aims to offer old age income security to all citizens and encourage them to voluntarily save for their retirement. The pension amounts are guaranteed by the government and it requires regular contributions by the subscribers. The earlier one joins, the lower is the monthly contribution needed to get higher pension benefits.


The Atal Pension Yojana eligibility criteria are:

  • Age between 18-40 years
  • Bank account holder in any bank or post office
  • Not a member of any other statutory social security scheme
  • Verified mobile number linked to bank account

The scheme is focused on providing pension coverage to the unorganized sector workers who do not have any regular pension benefits.


The key benefits of the Atal Pension Yojana are:

  • Guaranteed monthly pension after retirement
  • Amount of pension depends on subscriber's contributions
  • Option to receive pensions from age 60 years
  • On death of subscriber, spouse continues to receive same pension
  • After death of subscriber and spouse, nominee gets pension corpus
  • Central government co-contribution for 5 years for eligible subscribers

By providing a guaranteed regular pension, the scheme helps subscribers avoid poverty in old age. The fixed monthly contributions also inculcate saving discipline.

How to Open an Account

An Atal Pension Yojana account can be opened both online and offline. The documents needed are:

  • Bank account details
  • Aadhaar card
  • Mobile number
  • Savings bank account or post office account

Online application can be done through the subscriber's net banking account or the Atal Pension Yojana website. Offline application is through visiting the bank or post office branch along with documents.


The Atal Pension Yojana provides old age income security and encourages people to voluntarily save for retirement. By contributing regularly from early age, subscribers can secure a decent monthly pension. It aims to provide pension coverage to all unorganized sector workers in India.


Q1: What is the minimum age to apply for Atal Pension Yojana?

A1: The minimum age to apply for Atal Pension Yojana is 18 years.

Q2: What is the maximum pension amount in this scheme?

A2: The maximum pension amount is Rs 5000 per month if contribution of Rs 210 is paid for 20 years.

Q3: Can nominee withdraw pension corpus on death of subscriber?

A3: Yes, after death of the subscriber and spouse, the nominee can withdraw the remaining pension corpus.

Q4: Is there any tax benefit under Atal Pension Yojana?

A4: No, there are no tax benefits for contributions or pensions under the Atal Pension Yojana.

Q5: Can an NRI open Atal Pension Yojana account?

A5: No, Atal Pension Yojana is only for Indian citizens residing in India.

Q6: Can I have more than one Atal Pension Yojana account?

A6: No, only one Atal Pension Yojana account is allowed per person.


Top Post Ad header

Below Post Ad